Income Tax
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ITAT Mumbai: Corrigendum Cannot Cure Defective Section 148 Notice
Madras HC directs New PAN After CIBIL Damage from Duplicate PAN
Attachment of property to be lifted as entire arrears already paid as per ITAT’s order
Penalty Sustained Because Tax Paid Without Return Doesn’t Disclose Income Details
CBDT Launches Second NUDGE Initiative for Foreign Asset Compliance
Reassessment Beyond 3 Years Quashed Due to Wrong Sanctioning Authority
Penalties for Delayed Submission of ITR: Actual Case Examples
Section 2(22)(e) Addition Deleted for Bank Loan Secured by Personal Guarantee
Decoding Taxation of Virtual Digital Assets in India: An Analytical Overview
Section 32 r.w.s 43(6)(c): Vehicle Sale Profit Already Adjusted, No Separate Tax
ITAT Directs Recalculation of Capital Gains, Not Just Section 50C Difference
Excess amalgamation Consideration Goodwill Depreciable under Section 32
Section 11 Exemption Preserved: Old Accumulations Utilised Within 6 Years Not Taxable
Amount paid to clear mortgage on title of property is deductible u/s. 48(1)
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.
Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
